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SBA 504 Rates for October and Macomb, East Detroit Office

sba100

October 2022 Rates & News

6.21% 25-Year Debenture – 6.23% for Refinance
6.13% 20-Year Debenture – 6.14% for Refinance
5.33% 10-Year Debenture – 5.34% for Refinance

Macomb, East Detroit Office
Loan Officer Michael Ufford
 
 
Michael Ufford
 
Small businesses are the engine that drives the economy as we continue our newsletter series on job creation. MCDC has played a role in hundreds of businesses realizing their dreams of real estate ownership, expansion and reinvestment resulting in job creation and retention. In all we do, jobs are at the heart of it.
 
A surprising fact is that there are a number of items we use every day that are made on the east side of Michigan. Macomb, St. Clair and Lapeer counties
 
are populated with more manufacturing based businesses that are dedicated to making products such as furniture, plastic molds, toggle clamps along with numerous components produced for the aerospace and defense industries. Countless tools that make parts for some of the latest products are made right here in our great state.
 
It’s widely known that a wide range of businesses are engaged in the development and selling of components for Michigan’s car manufacturers. This creates the multiplier effect of sub-industries to provide employment for many Michigander’s.
 
Another interesting fact is that Michigan leads the nation in the production of many crops such as sugar beets, navy beans, corn, and peaches many of which grow in the thumb due to the fertile soil.
 
There’s a lot of engineering, design and agriculture taking place in this area and no one knows this more than native, Senior Loan Officer Mike Ufford. Mike has worked in commercial lending for more than 40 years with a better part of it involved with SBA lending. To learn more about Mike see the November 2019 Newsletter.
 
Macomb, East Detroit Office – Mike Ufford
Contact your Regional MCDC Loan Officer
 
 
 
 
 
Mike Ufford
Senior Loan Officer
Macomb, E. Detroit & E. Oakland County
 
(810) 329-4340
 
 
 
 
Scott Vroegindewey
Senior Loan Officer
West Michigan
 
(616) 405-5754
 
 
 
 
Jack Johnson
Senior Loan Officer
Ann Arbor, Detroit & W. Oakland County
 
(734) 222-4954
 
 
 
 
Todd Horton
Senior Loan Officer
Upper and Northern Lower Peninsula
 
(906) 298-0138
 
 
 
 
Coty Gould
Loan Officer
Lower Central Michigan
 
(989) 318-4988
 
 
 
 
Steve Pricco
Director 7(a) Lending
Statewide
 
(517) 220-2394
 
With seven offices throughout Michigan, MCDC’s experienced team will work with you through every step of your SBA Loan. MCDC is a non-profit corporation certified by the U.S. Small Business Administration to provide SBA 504 Loan Financing and 7(a) Lender Services. For four decades, MCDC has been a leader in SBA financing in Michigan, participating in projects impacting more than 64,000+ jobs and more than $3 Billion of economic investment. For more information, please feel free to call us at 833-4SBA-LOAN or 833-GET-7ALOANS or visit us at www.michigancdc.org 

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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the Federal Government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

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P.O. Box 15279
Lansing, MI 48906

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